Why can’t this be the solution?
I’m against the ,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving ,000,000,000 to America in
a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000
bonafide U.S. Citizens 18+.
Our population is ab out 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into billon that equals 5,000.00.
My plan is to give 5,000 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.
What would you do with 7,500.00 to 95,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out
a puny 00.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned
instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
This is from an email I recieved…I wish I could take credit for this but I can’t…
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6 comments
TyranusXX on July 27, 2009 at 10:25 pm
Its a bad idea but the point you make is the reason everyone is against the baili out. You could in fact do what you just said and it would be a better solution then the one they have proposed
nirv on July 27, 2009 at 10:25 pm
LOL. Good plan. Pity it’s unrealistic
in vino veritas on July 27, 2009 at 10:25 pm
I’m for it…
…and I think you should be our next Secretary of the Treasury…you already have a better idea for the taxpayers than the Colonel Klink we have in that position now.
Steve M on July 27, 2009 at 10:25 pm
We did get money from the government in the form of the stimulus checks….twice…..remember? I used mine to pay bills and by a couple things for the family. Thank you Mr. President.
JonnyMac on July 27, 2009 at 10:25 pm
Because your math is wrong 85 billion divided by 200 million is only 425 dollars. Maybe they should invest that money into our education system.
EntropyMonkey on July 27, 2009 at 10:25 pm
The answer is simple economics. Giving everyone that much money would result in massive inflation (what you are proposing is pretty much what Zimbabwe did – they have inflation over 1000% now).
The big reason for the bailout was the threat of a shortage of liquidity in the market. What this means is that businesses would be unable to borrow operating cash (something pretty much all businesses do) to mitigate the vagarities of cashflow. Without the cash available for lending, lots of perfectly viable firms would either not make payroll or go bankrupt – purely due to cashflow problems.
It all comes down to the fundamentals of how our economic system works.